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On Monday 20 May, Egypt’s Finance Minister, Mohamed Maait, spoke during a seminar on "Policymaking in Times of Increasing Risks and Uncertainty," highlighting the government's efforts to manage the country's public finances amidst global inflationary waves. With domestic and international challenges (including the war in Ukraine, Gaza, and turmoil in the Red Sea region, Finance Minister Mohamed Maait announced the implementation of a "corrective phase" to improve Egypt’s economy. According to Maait, Egypt’s import bill has risen by USD 4…
